How much is your claim?
PPI does not come cheap. As the table shows, PPI premiums paid by consumers represent anything from 13 per cent to a staggering 56 per cent of the amount loaned. It is common for PPI on loan agreements to be paid for by a one off premium included in the loan itself and for interest to be charged on PPI premiums.
PPI premiums as proportion of loan: cases reported by Breaux. The table below should give you a rough idea:
|
Loan Type |
Loan amount |
PPI permium |
Permium as a percentage of total loan |
|
Unsecured personal loan |
£8,993 |
£2,217 |
25% |
|
Unsecured personal loan |
£11,000 |
£5,133 |
47% |
|
Hire purchase for car |
£5,059 |
£2,157 |
43% |
|
Hire purchase for care |
£6,895 |
£2,317 |
34% |
|
Unsecured loan |
£5,600 |
£744 |
13% |
|
Secured loan |
£25,000 |
£12,127 |
49% |
|
Secured loan |
£35,000 |
£10,150 |
29% |
|
Conditional sale for car |
£4,300 |
£2,394 |
56% |
|
Unsecured personal loan |
£13,000 |
£3,367 |
26% |
You get the picture - it is incredibly expensive and there is a likelihood that you have been mis-sold. You may have been the victim of a hungry salesman.
Get your money back today.
